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Low Price of Gas, Stagnant Economy, Are Killing Off U.S. Nukes

Exelon Corp. has announced that it will close its Clinton and Quad Cities nuclear reactors in Illinois after losing $800 million over the past seven years. The firm said that the failure of the State of Illinois to give nuclear energy credit in electricity pricing for its carbon free generation also contributed to the decision.

While Exelon has also said it may reconsider its decision to close the plants, if the state legislature changes its mind, lobbying by wind, solar, and natural gas interests make the likelihood of that outcome problematic at best.

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